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Fiji Time: 7:15 AM on Thursday 31 July

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500K plan

Timoci Vula
Friday, November 09, 2012

FIJI'S first commercial forest plantation company — Future Forests Fiji Ltd (FFF) — has secured a sawmill location in Ra on Viti Levu that is projected to generate revenues for reinvestment into sawmilling operations and the plantation.

It has been confirmed that the finance application for the sawmill investment is estimated at $518,670 — which includes infrastructure costs and working capital for three months log supply purchase.

"Once the sawmilling operation is running, then teak logs will be milled and seasoned on site as they become available and an ancillary joinery operation could be considered," the publicly-listed company's 2012 annual report stated.

"It is expected that if finance to establish a saw mill is available in December 2012, a saw mill development can commence around February to March 2013, with monthly profit expected to materialise around June to July 2013, before regular monthly profits could be realised on an on-going basis, due to the nature of setting up a sawmilling business," it said.


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